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Atlanta Daily World
Atlanta, Fulton County, Georgia
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U.S. congressional conferees approve President Eisenhower's $5.2 billion foreign aid bill for fiscal 1954, withholding $1 billion until European defense community forms. Treasury Secretary Humphrey warns of economic limits on aid, stressing its cost-effectiveness over lives lost.
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BY JAMES LEE
WASHINGTON - (INS) - Senate-House conferees approved the five billion, 200 million dollar foreign aid authorization asked by President Eisenhower but stipulated that a billion dollars be withheld until the European defense community is in being.
The conferees heeded the administration's plea not to cut the authorization below the amount asked by the President. They rejected the Senate proposal that Mr. Eisenhower be empowered to decide whether to withhold the billion dollars in military aid.
The legislators accepted, instead, the House proviso that a substantial portion of the funds earmarked for western Europe be "frozen" pending ratification of the European defense community treaty.
Meanwhile treasury secretary George M. Humphrey told the Senate Appropriations Committee that the U. S. is "near the end of the road" as far as Foreign Economic is concerned.
Testifying against cuts in the administration request for Foreign Aid Funds, Humphrey said further military aid is economical in the sense that "money is cheaper than lives."
In today's action, the congressional conferees agreed to authorize a total of five billion 157 million dollars for the Foreign Aid Program in fiscal 1954, including three billion 582 million dollars for military assistance.
Authorization for expenditure of additional, existing funds brings the total to the five billion 200 million dollar figure described by secretary of state John Foster Dulles as the "minimum" required.
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Washington
Event Date
Fiscal 1954
Story Details
Senate-House conferees approved five billion 200 million dollar foreign aid authorization requested by President Eisenhower, withholding one billion dollars until the European defense community is established. They rejected empowering Eisenhower to decide on withholding and accepted freezing funds pending treaty ratification. Humphrey testified that the U.S. is near the end of the road for foreign economic aid, emphasizing military aid's economy as 'money is cheaper than lives.' Total authorization: five billion 157 million dollars plus existing funds to reach five billion 200 million, described as minimum required.